For the most part that is true however, after reading a book called "The Deallionaire" by investor John Lee from Missouri (He was a guest on the Jennifer Hammond show), He talks about selling properties that he has bought  for less than $1000 using both conventional and unconventional means such as advertising a property via craigslist, social media marketing or selling through realtors and word of mouth.I'm mainly looking to venture into North Carolina, South Carolina, Georgia, Texas and possible New Jersey for this.I have heard both John Lee and Ankit Duggal (A guest on Bigger Pockets show) mention buying into tax deed/tax liens AFTER the main auctions by simply requesting a list of properties that were still unsold. 

Whether it's watching YouTube vids, podcasts, books, blogs, or just talking to anybody about REAL ESTATEWell, on September 6th, I bought my 1st property and it happens to be a 4-plex MFR which I acquired at the trustee sale at the Pinal County Courthouse.

Online EFT would be great, but I'm sure there's some old people that wont do that.

I start real estate investment back in 2010, my brother and I bought a triplex and then I bought another one in 2013.

But I have done my due diligence in checking online their authenticity, as of now it seems to check out.

Do you have the time and skills to source the property, perform a successful rehab, and get a good tenant in place, or is that time and knowledge better just bought in the property package?

I almost bought one this year.

But I like the cleanliness of some of the programs with the convenience of online payments, work orders, background checks, leases, etc...  

Then, with lease extensions, it goes up from there.At this point, if you sold it at the same 9% CAP you bought it at, the sale price would be  over $2.4M.If you add it all up over that 20 year period, the numbers would look like this:$2,035,000        Accumulated Cash Flow (NOI)$   422,222        Profit upon sale$2,455,222        TOTAL over 20 year period....and no management responsibilities.

So if you sold for 200 and bought for 150 you would pay tax on the 50K difference but shelter whatever other profit was in the 1031.There's not much of a way around it.